‘Czech Sphinx’ Royal Mail takeover signed off by government and unions Business The takeover of Royal Mail parent company International Distribution Services has been signed off by the government and unions, as EP Group is now set to officially gain control of the firm. The £3.6bn takeover by ‘the Czech Sphinx’, billionaire Daniel Kretinsky, was approved by shareholders in September, and was waiting on approval from the [...]
Kretinsky mulls giving Royal Mail staff a stake as part of £3.6bn deal Royal Mail The Czech billionaire that is looking to buy Royal Mail is weighing up giving staff a stake in the business if his offer is accepted.
Royal Mail: Has privatisation delivered success for crown jewel as £3.5bn takeover looms? BUSINESS A decade after it was privatised, Royal Mail is poised for another major shake up - but how has it fared since its last sale?
The City’s betting the Royal Mail bid gets lost in the post. But will it? May 29, 2024 While it is true the Royal Mail deal may face some regulatory resistance, the alternative situation may be worse for the next government.
Auditor delay forces Royal Mail owner IDS to postpone annual results May 23, 2024 Royal Mail owner IDS remains in an offer period following an announcement last week about the potential takeover swoop by EP Group.
‘Czech Sphinx’ West Ham director makes bid for Royal Mail owner IDS April 17, 2024 EP Corporate Group submitted a proposal to IDS's board last week, seeking to purchase all outstanding shares.